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100 Foxborough BLVD, Foxbor...

Ted Sidel Arranges $4.7M Loan For Foxborough Office Building In Boston
FINANCEDOffice

Ted Sidel Arranges $4.7M Loan For Foxborough Office Building In Boston

100 Foxborough BLVD, Foxborough, M...

$4,700,000

Building Size

Asset Type

Office

Closing

Apr 20, 2021

AI

The property involved in the transaction is a two-story office building located at 100 Foxborough Boulevard in Foxborough, Massachusetts. The building, situated in the Foxborough Business Center, comprises 64,319 square feet of office space and offers parking for 257 vehicles. Notable features include a large glass entry leading to a two-story lobby. Current tenants of the building include Iconics, Crossmark, Weston & Sampson Engineers, and Shave Logic.

Summary of transation details:

EagleBridge Capital, a Boston-based mortgage banking firm, facilitated a $4.7 million acquisition loan for the undisclosed borrower of the office building at 100 Foxborough Boulevard. Ted Sidel, a principal at EagleBridge Capital, orchestrated the financing, partnering with a leading financial institution based in New England.

Players

Ted Sidel

EagleBridge Capital

Broker

$235.6M

vol

18 deals

Broker
Uc
Unknown Correspondent life insurance companyLender

Foxboro Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93